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economics oundle (macro)

This class was created by Brainscape user Aidan Ho. Visit their profile to learn more about the creator.

By: Aidan Ho
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Decks in this class (19)

economic problem
Basic economic problem 1,
Resources can also be known as 2,
Opportunity cost 3
3  cards
objectives and circular flow of income
How do you measure price stability 1,
Define economic growth 2,
Impacts of low income inequality ...
23  cards
Definitions
Fundamental economic problem 1,
Scarcity 2,
Opportunity cost 3
45  cards
ppf curves
Ppf curve 1,
Macro ppf curve 2,
Ppf curve inside vs outside the c...
8  cards
causes of economic growth (long + short)
What is economic growth 1,
Short run growth 2,
Aggregate demand equation 3
7  cards
economic cycle
Macro objective for growth 1,
Straight up sloping line on graph 2,
Curvy slopping line on graph 3
13  cards
costs and benefits of economic growth for living standards
Benefits of growth 1,
Costs of growth 2,
Why do we want sustainable growth 3
5  cards
output gaps
Negative output gap 1,
Positive output gap 2,
Ad shifts 3
3  cards
purchasing power parity
Purchasing power 1,
Law of one price 2,
Absolute ppp 3
5  cards
index numbers + national income data
What are index numbers 1,
How to calculate an index number 2,
What is national income 3
11  cards
macro objectives of government
Objective for growth 1,
Objective for unemployement 2,
Objective for inflation 3
8  cards
measures of economic growth and living standards
How does national income statisti...,
How does gdp show living standard...,
Risks of using gdp in living stan...
8  cards
CPI inflation measure
What is inflation 1,
How does cpi consumer price index...,
How to construct an index 3
6  cards
Aggregate supplyn + macreeconomic equilibrium
Short run aggregate supply 1,
What can cost of production chang...,
Supply side shocks how do they oc...
22  cards
PED
What does ped mean 1,
Ped 2,
When is demand price elastic 3
10  cards
micro XED YED
What is ped 1
1  cards
capital and consumer goods + resources
What are capital goods 1,
What are consumer goods and servi...,
What are the three sub divisions ...
9  cards
free market, mixed and command economies
What is a free market 1,
What is a mixed economy 2,
What is a command economy 3
4  cards
consumer spending + saving + investement + government spending + net exports and aggregate demand
What is consumption 1,
What is aggregate demand 2,
What is the aggregate demand form...
15  cards

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economics oundle (macro)

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